Hawaiian Airlines Inc. 401(k) Review & Grade
Hawaiian Airlines, Inc. Pilots' 401(k) Plan
Honolulu, HITransportation & Warehousing1,150 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$38,558Employer $ per active participant
$15,402Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$695.6MNet plan assets, end of year
$546,879Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 97th |
| Employee saving | 99th |
| Peers that auto-enroll | 37% |
Red flags from the filing
Corrective distributions: the plan refunded $8,200 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hawaiian Airlines put in about $38,558 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $44,322,269 |
| Participant (employee) contributions | $17,704,812 |
| Other contributions (incl. rollovers in) | $2,513,590 |
| Administrative expenses paid from the plan | $89,861 |
| Investment advisory & management fees | $89,036 |
| Other admin expenses | $400 |
| Benefits paid out | $47,386,297 |
| Net assets, start / end of year | $582.3M / $695.6M |
| Active participants, start / end of year | 1,140 / 1,159 |
| Participants with account balances | 1,272 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $68,433 reported compensation |
| Curcio Webb LLC | $20,604 reported compensation |
| Charles Schwab & Co., Inc. | $16,637 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010154747NAL0018428498001, received 2025-10-10, EIN 99-0042880, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Other 401(k) plans filed under this employer's EIN
AHawaiian Airlines, Inc. 401(k) Plan for Flight AttendantsBHawaiian Airlines, Inc. 401(k) Savings Plan
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